The New Nation - Internet Edition

BUSINESS REPORT

Eastern Bank Limited launched yet another new product for Women Entrepreneurs "EBL Mukti" first of its kind in Bangladesh, at a hotel in the city Wednesday April 30.

Any women entrepreneur with at least two years of operation of any legitimate business and cash flow to support repayment can avail "EBL Mukti" loan credit facility of up to Tk 3 lakh without having to mortgage anything.

Repayable in 18 months, the yearly interest rate of the new credit facility is only 10 per cent, the lowest in the country. The loan is repayable in monthly installment.

Eastern Bank Limited is the pioneer to introduce this kind of product in full compliance with the Bangladesh Bank circular on Women Entrepreneur Financing.

Mukleshur Rahman, DMD and Head of SME Banking, EBL, launching the product said, "Women of the country are marching alongside men in our efforts for economic emancipation of the country.

We at EBL want to ensure their continued contribution offering this unique loan facility. Finance is needed to be successful in business, and it has to be on easy terms. "EBL Mukti" promises all these."

Among others, Deepak Adhikary, Deputy General Manger & Head of SEDF-Bangladesh, Nepal, Bhutan,; Md. Zahid Hossain, Head of Business Development, EBL; Sanjib Kumar Dey, Head of Product Development & Portfolio Management, EBL and Kaniz Almas Khan, Managing Director, Persona Hair & Beauty Limited were present on the occasion.